New Delhi: It is not hidden from anyone that the global as well as domestic market has seen a lot of volatility in the recent years. This has left many investors in a state of confusion. But the defense sector has remained largely untouched by this. Due to increasing geopolitical tension, many countries are investing heavily in the defense sector. India has made many achievements in this sector. India’s exports to reach an all-time high of Rs 16,000 crore in the financial year 2022-23. It has increased 10 times as compared to 2016-17. Due to this, most of the defense sector stocks have done exceptionally well and given multibagger returns to their investors. Among these, one stock has attracted everyone’s attention. This is Bharat Dynamics Limited. On Wednesday, it reached an all-time high with a gain of three per cent. In the last three years, this stock has given a return of 371%. On Wednesday, this stock gave a multi-month breakout. Along with this, there was a huge jump in its volume as well. This is a good opportunity for momentum traders. That is, they can include it in their watchlist. In the coming days, a huge boom can be seen in this stock. BDL recently announced that the company has achieved a turnover of around Rs 2548 crore in the financial year ending March 31, 2023. Due to this, the shares of the company have increased and it can go up further. Overall, it can be said that the defense sector has emerged as a safe haven for investors in times of trouble and BDL has a special place in this sector.
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